Inplay Oil Cp (OTCMKTS:IPOOF) Announces Earnings Results

Inplay Oil Cp (OTCMKTS:IPOOF) issued its quarterly earnings results on Friday. The company reported ($0.14) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.21) by $0.07, Zacks reports. The company had revenue of $64.47 million for the quarter, compared to analyst estimates of $57.95 million. Inplay Oil Cp had a negative net margin of 2.69% and a negative return on equity of 0.73%.

Inplay Oil Cp Price Performance

IPOOF stock opened at $11.86 on Friday. The company has a market capitalization of $332.08 million, a P/E ratio of -11.30 and a beta of 0.50. Inplay Oil Cp has a twelve month low of $5.42 and a twelve month high of $13.66. The business has a 50 day simple moving average of $12.27 and a 200-day simple moving average of $10.53. The company has a current ratio of 1.10, a quick ratio of 0.90 and a debt-to-equity ratio of 0.61.

Analysts Set New Price Targets

Separately, Zacks Research raised Inplay Oil Cp from a “strong sell” rating to a “hold” rating in a research report on Tuesday, April 21st. Two investment analysts have rated the stock with a Strong Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, Inplay Oil Cp presently has an average rating of “Buy”.

Inplay Oil Cp Company Profile

InPlay Oil Corp (OTCMKTS: IPOOF) is a Calgary-based exploration and production company focused on the development of oil and natural gas assets in Western Canada. The company’s primary operations are centered in the Montney and Charlie Lake formations of Alberta and northeast British Columbia, where it holds a significant land position. InPlay’s strategy emphasizes liquids-rich natural gas and condensate production, leveraging horizontal drilling and multi-stage completion techniques to enhance well performance and resource recovery.

InPlay’s asset portfolio comprises both established conventional reservoirs and emerging unconventional plays.